Texas Permanent School Fund Corp Acquires 14,705 Shares of Wix.com Ltd. $WIX

Texas Permanent School Fund Corp increased its holdings in shares of Wix.com Ltd. (NASDAQ:WIX) by 40.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,618 shares of the information services provider’s stock after acquiring an additional 14,705 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Wix.com were worth $8,021,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WIX. GC Wealth Management RIA LLC acquired a new stake in shares of Wix.com during the 2nd quarter worth about $417,000. Schroder Investment Management Group grew its stake in Wix.com by 34.8% in the 2nd quarter. Schroder Investment Management Group now owns 228,028 shares of the information services provider’s stock valued at $36,133,000 after buying an additional 58,859 shares during the last quarter. Geode Capital Management LLC raised its holdings in Wix.com by 2.5% in the 2nd quarter. Geode Capital Management LLC now owns 491,958 shares of the information services provider’s stock valued at $77,466,000 after acquiring an additional 12,210 shares during the period. ARK Investment Management LLC lifted its position in Wix.com by 28.2% during the second quarter. ARK Investment Management LLC now owns 10,290 shares of the information services provider’s stock worth $1,631,000 after acquiring an additional 2,266 shares during the last quarter. Finally, Senvest Management LLC boosted its holdings in shares of Wix.com by 32.2% during the second quarter. Senvest Management LLC now owns 2,040,910 shares of the information services provider’s stock worth $323,403,000 after acquiring an additional 496,770 shares during the period. Institutional investors and hedge funds own 81.52% of the company’s stock.

Wall Street Analyst Weigh In

WIX has been the topic of a number of recent research reports. Citizens Jmp lowered their target price on Wix.com from $210.00 to $185.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 20th. Royal Bank Of Canada decreased their price objective on Wix.com from $210.00 to $190.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Piper Sandler lifted their target price on Wix.com from $206.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. B. Riley reissued a “buy” rating and issued a $200.00 target price (down previously from $230.00) on shares of Wix.com in a research report on Thursday, November 20th. Finally, Evercore ISI lowered their price target on shares of Wix.com from $250.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $180.05.

Wix.com Stock Performance

NASDAQ:WIX opened at $97.75 on Tuesday. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 2.01 and a beta of 1.42. Wix.com Ltd. has a fifty-two week low of $92.23 and a fifty-two week high of $247.11. The stock has a fifty day moving average price of $121.61 and a 200-day moving average price of $141.18.

About Wix.com

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.